Hey Fellow IDC Holders
Looks like the markets are consolidating after such a strong rise over the last 4-5 months.
In terms of IndoChine Mining though! We have reason to be very excited!
It is very rare to be able to buy shares in a small cap gold mine developer that is still significantly undervalued, as IndoChine is, where we have a project where 75% of the work has been done.
After finding the Madison announcements last week, I decided to complete more refined google searches and found the ORIGINAL ENGINEERING REPORT BY MADISON!
ALL 84 PAGES! INCLUDING ALMOST ALL THE DRILLING RESULTS AND 3D IMAGING ETC!
In all my research and comparisons, I have never seen such high grades of gold for such long intercepts.
If anyone else has, please post that ASX code, because I want a piece of it too!
Below is a 3D Image of Mt Kare with all the drill holes!
It looks like Swiss Cheese!
Here is the map that shows Mt Kare sits on the same fault line at our sister 30 million ounce gold mine Porgera! Owned by one of the world's largest gold miners US Based Barrick Gold!
Below is the 3D image of the three main sections WRZ C9 Black Zone which Mr Promnitz actually stated that he believes is one massive gold deposit!
Below is the 3D image of the gold sitting in Mt Kare! :)
Below is the 3D image of the silver sitting in Mt Kare!
NOW FOR THE GOLD GRADES AND DEPTHS! UNBELIEVABLE!
Now wonder the geos and labs are taking ages to check and double check the assay results! Look at these grades of gold! If they were normal 0.5-1gram per tonne for 50m-100m with high grade 20m at 20-45grams per tonne, it probably wouldn't take too long to calculate. But when the grades are incredible they need to dot the i's and cross the t's. SO when the investment houses' analyst call them they can go back to say that these numbers have been thoroughly checked!
Where do I start! Just read the three columns!
Highlighted in RED = Metres Depth
Highlighted in GOLD = GOLD GRADES Oz Per Tonne
Highlighted in SILVER = SILVER GRADE Oz Per Tonne
These gold grades make a mockery of most other gold exploration programs on the ASX!
Any geo on HC will be able to read these drilling results and get a clear picture of what we have here! A MAMMOTH!
Here is the website with the entire engineering report!
http://sec.edgar-online.com/buffalo-gold-ltd/6-k-report-of-foreign-issuer/2007/08/13/section3.aspx
We just need to let Mr Promnitz and his team to do their job!
Cheers Nectar
DYOR
Helps to explain why Buffalo and Madison had 1.8million ounes of gold when the price was only $250-300/Oz of gold! The grades are incredible!
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